In the case of absolute lifetime transfers where a transfer of value is made by a close company IHTA84/S94 provides that a claim to Inheritance Tax (IHT) shall arise as if each individual [identified as a ‘participator’] to whom an amount [of the transfer] is apportioned under this section had made a transfer of value. (See the lifetime transfer/close company guidance from IHTM14851)

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.